EARNINGS PER SHARE (Tables)

3 Months Ended

Mar. 31, 2023

The following table sets forth a reconciliation of the numerator and denominator used to compute basic earnings and diluted per share of common stock.


	Three Months Ended March 31,
$ in thousands, except per share amounts	2023		2022
Numerator
Net loss from continuing operations	$	(8,842)	$	(1,747)
Income from discontinued operations, net of tax	671		1,318
Net loss	$	(8,171)	$	(429)
Denominator
Basic weighted average shares outstanding	53,427		41,058


Diluted weighted average shares outstanding (a)	53,427		41,058

(Loss) income per basic share:
Loss per basic share from continuing operations	$	(0.16)	$	(0.04)
Income per basic share from discontinued operations	0.01		0.03
Loss per basic share	$	(0.15)	$	(0.01)

(Loss) income per diluted share:
Loss per diluted share from continuing operations	$	(0.16)	$	(0.04)
Income per diluted share from discontinued operations	0.01		0.03
Loss per diluted share	$	(0.15)	$	(0.01)

Earnings Per Share, Basic and Diluted, Pro Forma Information

The following unaudited proforma financial information presents the consolidated results of operations of the Company for the three months ended March 31, 2023 and 2022, as if the Reverse Stock Split had occurred as of the beginning of the first period presented instead of on the expected effective date of May 16, 2023.


	(Unaudited)
	Three Months Ended March 31,
$ in thousands, except per share amounts	2023		2022
Numerator
Net loss from continuing operations	$	(8,842)	$	(1,747)
Income from discontinued operations, net of tax	671		1,318
Net loss	$	(8,171)	$	(429)

Denominator
Basic weighted average shares outstanding	5,343		4,106


Diluted weighted average shares outstanding	5,343		4,106

(Loss) income per basic share:
Loss per basic share from continuing operations	$	(1.66)	$	(0.42)
Income per basic share from discontinued operations	0.13		0.32
Loss per basic share	$	(1.53)	$	(0.10)

(Loss) income per diluted share:
Loss per diluted share from continuing operations	$	(1.66)	$	(0.42)
Income per diluted share from discontinued operations	0.13		0.32
Loss per diluted share	$	(1.53)	$	(0.10)